A few short months ago, the idea of an unstoppable global pandemic taking millions of lives was something reserved for action movies and sci-fi films. Today, however, it’s a horrifying reality. As COVID-19 continues to spread around the world, its physical, emotional, and practical effects are being felt by billions of people.
But coronavirus isn’t just taking the lives or health of millions of people; it’s taking their wealth too. As industries grind to a halt and economies nosedive, the financial implications of COVID-19 are undoubtedly far-reaching. In fact, it could take generations before economies bounce back, So, what has coronavirus really taught us about finances?
While the COVID-19 pandemic indeed caused tons of troubles worldwide, there are things we ought to learn from the current crisis. The pandemic serves as a painful financial eye-opener for most people. The following are just 3 money lessons from COVID-19 we need to remember.
Suffering with a health care emergency after losing your job?
The current global pandemic is a crisis that has hit the world's health care system and its economies. Millions of people have had to stop working due to the fact that coronavirus is so contagious. While staying home is an effective way to slow the spread of the virus, it will leave many people without jobs.
Most people in the nation have their health insurance through work, leaving them scrambling for coverage during the epidemic. Here are some ways to manage the costs of a health emergency after losing your job.
The global COVID-19 pandemic has redefined the way individuals work and engage in business. Kitchen tables were quickly converted to home offices, or your storage rooms became go-to conference call hubs. No matter the work situation, over the next few months and years workspaces will adapt as individuals return to their offices and places of work. Check out these simple steps to make the transition back to traditional work environments smooth and positive for all.
Most have worked at home for two or three months, a swift change that required much adaptability to ensure business operated as usual. For those not serving on the frontlines, workers got comfortable with video call meetings and workflow manners all handled digitally. Business owners should keep this past flexibility and work ethic in mind as employees return to main working hubs. Employees proved their ability to work anywhere for months on end; leaders can return the same respect and professionalism by being understanding of various situations. Other options may include allowing teams to work remotely one or two days a week or implementing a flexed work hour schedule if some do not feel like being in a crowded workplace yet. This will look different for different sizes and types of business spaces.
Before employees return it is imperative to have the proper supplies in place. Business leaders should collaborate with purchasing and supply chain teams to ensure proper sanitation measures will be continuously reordered. Hand washing and sanitation stations should be appropriately placed, along with increased space between cubicles and desks. Companies, big and small, should consider having “welcome back” briefings with their employees to explain the measures in place to prevent the spread of germs while still getting work done. As teams return to workplaces, it also important that offices and suites maintain proper safety and security. Increased technology devices will likely be returning to offices as people bring technology back from home. One might consider security guard services fort worth to keep watch.
Employees of all types have been working in unusual environments and circumstances. Many have lost their jobs or found new jobs after being furloughed. As teams, new and old, come together to do business, it is important to establish a sense of community from the beginning to keep attitudes positive and optimistic as workers approach their jobs. Leaders can bring teams together with team building activities that encourage comradery while providing stress relief from the daily grind.
Companies and workplaces will survive when supported by the right mindset, safety measures, and health precautions.
Coronavirus has changed the way we do...well, everything. As the pandemic continues, everyone is learning how to adapt and make the most of the situation. Your company is no exception. From small businesses to essential industries, companies are finding ways to adjust, stay afloat, and even excel amid these unprecedented circumstances. With the right circumstances, planning, and action, you can make sure your business continues to find success both now and in the long run. Here are four helpful tips on how to keep your company ahead during COVID-19.Read more
If you’re looking for ways to save money during the COVID-19 lockdown and you don’t know where to begin then don’t worry, you have definitely come to the right place. Whether you’ve had a drop in income or you’re looking to prepare for your future, you need to ensure you’re doing all that you can to look after yourself financially. Whilst it may be overwhelming at first, there are lots of things you can do to make it as easy as possible. From avoiding unnecessary purchases to planning out your grocery shopping in advance, the more you’re doing the better. With that in mind, here are 9 ways to save money during a lockdown:
The world’s economy grows more challenging every day. As living expenses increase, more people realize the importance of money management. In this day and age, budgeting is a skill sought by many.
What are some good things to spend your money on during quarantine you ask?
With the uncertainty currently sweeping the globe at the moment due to the COVID-19 pandemic – and with a lot of that uncertainty having to do with things like the fate of the economy, and questions concerning job security – there’s a good chance that most of us are feeling particularly reluctant to spend money at the moment.
While it’s certainly a good idea to be frugal and sensible, and to not squander your financial resources, there are certain things that you should consider spending your money on during quarantine, nonetheless. Things that could reasonably be viewed as investments in your own personal development and well-being.
Here are just a few examples of some good things to spend your money on during quarantine.
Currently, the coronavirus pandemic has put the United States and many other countries across the world into lockdown, closing gyms, restricting people’s movements, and keeping them at home. For those of us on a weight loss journey, being told to stay at home is a scary thought - How will we keep our diets in check? How do we work-out? Will we undo all of our progress?
The truth is that weight loss is often not a linear journey and we can expect to hit a variety of ups and downs along the way, what matters most is how we deal with them. So here’s how to continue your weight-loss journey while being confined at home.
As the coronavirus pandemic grips the world, millions of American citizens are going to face untold financial pressure in the coming weeks and moths, whether it is from unexpected medical costs, losing their income or seeing their investment and retirement savings plummet through the floor.
If you are struggling financially, here are some steps that you can take now to reduce the stress and anxiety during the coronavirus pandemic.